Is ARMO Broker free as of September 2023?
ARMO Broker does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with ARMO Broker though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.
We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at ARMO Broker. To check and compare fees at other brokers, go to our main Fee calculator page.
Before doing so, check out our Privacy Policy and our General Terms and Conditions.
ARMO Broker fees as of July 2023
Overview of ARMO Broker fees and charges
It's safe to say that ARMO Broker's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of ARMO Broker's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $0.01 per share with a minimum of $3, but capped at 1.20% of trade value |
| EURUSD fee | Average | 0.4 pips * trade value; minimum $4 |
| US mutual fund fees | Average | $14.95 per transaction or 3% of trade value, whichever is lower |
| Inactivity fee | Low | No inactivity fee |
ARMO Broker fees as of July 2023
ARMO Broker fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare ARMO Broker fees with its closest competitors, CapTrader and Brokerpoint.
ARMO Broker fees as of July 2023
ARMO Broker trading fees
ARMO Broker's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.
Let's break down trading fees according to the different asset classes available at ARMO Broker.
Trading fees
ARMO Broker's trading fees are low.
Stock fees and ETF fees
ARMO Broker has low stock trading fees.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| US stock | $3.0 | $2.0 | $2.0 |
| UK stock | $9.8 | $9.9 | $2.5 |
| German stock | $4.2 | $4.3 | $2.5 |
Data updated on September 14, 2023
Forex fees
ARMO Broker's forex fees are average.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| EURUSD benchmark fee | $18.8 | $18.3 | $14.0 |
| EURGBP benchmark fee | $16.8 | $16.3 | $12.0 |
Data updated on September 14, 2023
Fund fees
ARMO Broker fund fees are average.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| Mutual fund | $15.0 | $15.0 | $15.0 |
| EU mutual fund | - | - | - |
Data updated on September 14, 2023
Bond fees
ARMO Broker has low bond fees.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| US Treasury bond | $10.0 | $5.0 | $5.0 |
| EU government bond | $10.0 | $10.0 | $10.0 |
Data updated on September 14, 2023
Options fees
ARMO Broker's options fees are high.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| US stock options | $33.0 | $35.0 | $20.0 |
| US stock index options | $33.0 | $35.0 | $20.0 |
| UK stock index options | $40.9 | $43.4 | $37.2 |
| German stock index options | $20.3 | $21.4 | $20.2 |
Data updated on September 14, 2023
Futures fees
ARMO Broker's futures fees are average.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| US micro e-mini stock index futures | $12.5 | $35.0 | $20.0 |
| UK stock index futures | $40.9 | $43.4 | $37.2 |
| German e-mini stock index futures | $20.3 | $21.4 | $20.2 |
Data updated on September 14, 2023
CFD fees
ARMO Broker has average CFD trading fees.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| Apple CFD | $2.1 | $2.1 | $3.1 |
| Vodafone CFD | $5.4 | $5.4 | $5.4 |
| Germany | - | - | - |
Data updated on September 14, 2023
Currency conversion fee
ARMO Broker will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.4 pip * trade value; min. $4.
Margin rates
ARMO Broker margin rates are low.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| USD margin rate | 7.8% | 7.8% | 7.8% |
| EUR margin rate | 5.9% | 5.9% | 5.9% |
Data updated on September 14, 2023
ARMO Broker fees as of July 2023
ARMO Broker non-trading fees
When it comes to non-trading fees, ARMO Broker is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at ARMO Broker that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | Yes |
| Account fee | No | No | No |
Data updated on September 14, 2023
ARMO Broker fees as of July 2023
ARMO Broker deposit fee
Usually, brokers don't charge anything for deposits, and ARMO Broker is no different.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
Data updated on September 14, 2023
ARMO Broker fees as of July 2023
ARMO Broker withdrawal fee
ARMO Broker generally doesn't charge a withdrawal fee.
| ARMO Broker | CapTrader | Brokerpoint | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee for bank transfer | $0 | $0 | $0 |
Data updated on September 14, 2023
ARMO Broker fees as of July 2023
ARMO Broker inactivity fee
ARMO Broker does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).
